Ranch Tour Notes II – Build or Buy Your Dream Home

Building Costs

Feedback from local builders suggest that current building costs in southern New Mexico vary from $140 – $170/square foot.

As I talk with residents who have built homes at the Berrenda Creek and Lake Valley Ranch Community the range for our area is probably more like $130-$250/sf.

There are currently 34 homes at the ranch community and we have a very diverse selection of custom construction including true adobe, rammed earth, log home, and traditional frame construction.

Some designs naturally involve more expense than others.

Buying An Existing Home

The rising cost of constructing a new home in the area is making some buyers, who first thought they wanted to build the house of their dreams, realize they should take a closer look at buying an existing home and customizing it to their needs through renovations.